Welcome to Options Trader Journey. Here I will share with you my journey to financial independence with options.
I opened this blog right after the worst day I had trading options, losing about six months’ worth of profits. That was due to Trump’s tweet about China which sent the market down almost 3%.
The lesson I learned was very simple: get out on time. When everything goes well, I let the options expire. When the market goes against me, I tried rolling (worked once, then a massive loss) and going to assignment (worst day since I started). My next attempt will be closing when the market drops enoguh, reassessing, and perhaps opening more trades later. Better to lose a month’s effort than six.
Starting tomorrow, I will post my trades here. Not exact strikes and price, just a brief summary of what I did. Feel free to comment and let me know your thoughts.